Welcome to this exciting web 3.0 experiment where we will put the user back in the centre of the online industry, not just with words, but with money!

To explain what I mean with web 3.0, let's take a step back and look what web 2.0 is.

Web 2.0 was all about creating online communities. We all know the big names: Digg, MySpace, Facebook etc. These pioneers have built successful businesses on allowing people to interact online and allowing online communities to develop. As more and more companies set up similar platforms, the real value shifted from having the best platform to having the best or largest community. All was good - everybody was making money: Site owners (Myspace, etc.) , Online ad companies (Google, Yahoo, etc), Advertisers (e.g. Amazon). However one person was left in the cold, probably the most important one: the user. He is the one creating the community, he is the one creating the content that is the basis for this wealth.

To me Web 3.0 is all about shifting this focus and let these online communities take control of their own faith and sharing the wealth between their members. And be sure, online communities are worth a lot of money. Just to give a few recent examples.
- Google bought the video sharing platform Youtube for $1.65 billion (businessweek story)
- MySpace made a deal for $900 million with Google to show adverts on its site (businessweek story)

Therefore the following experiment: Let's pool our resources to build our own successful sites and share the profit fairly. As every beginning is difficult, let's start with one easy and small site (www.webmastervocab.com) and expand into new areas when we are successful.

Interested? check out the rest of the site to find out more and sign up!

- Vision and Principles: a high level overview of what we are trying to achieve and the principles we will adhere to.
- FAQ: frequently asked questions
- Credit System: system used to calculate everybodies share of the profit.
- Join us: Here you can sign up to become part of this experiment (for free of course)
- Project 1 (www.webmastervocab.com) - Find all the information on our first project here and start erning credits now.
- Contact us: Here you can find the details on how to contact is.